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      Question

      Which company received an in-principle Payment

      Aggregator licence from RBI in August 2025?
      A PhonePe Financial Services Correct Answer Incorrect Answer
      B Paytm Payments Services Ltd. Correct Answer Incorrect Answer
      C BharatPe Finance Correct Answer Incorrect Answer
      D Google Pay India Pvt Ltd Correct Answer Incorrect Answer
      E Razorpay Technologies Correct Answer Incorrect Answer

      Solution

      Paytm Payments Services Ltd. (PPSL), a wholly-owned subsidiary of One 97 Communications Ltd. (OCL), received in-principle approval from the RBI for a Payment Aggregator (PA) licence under the Payment and Settlement Systems Act, 2007. This authorisation, dated August 12, allows PPSL to facilitate online payments for merchants, acting as an intermediary for payment collection and settlement.

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